In 2017, Phu Yen received US$14.5 million in foreign direct investment (FDI) and FDI projects created jobs for thousands of local people.
In early 2018, the province granted investment certificates to 35 foreign-invested projects.
|Phu Yen province's Da Dia reef in a glorious sunset|
They agreed that infrastructure and quality human resources are advantages offered by the locality.
On January 19, Phu Yen held an investment promotion conference in which Prime Minister Nguyen Xuan Phuc asked the locality to strongly reform its mindset and be creative to have more synchronous and effective solutions to draw investors.
The province was advised to improve its mechanisms and policies and ensure their openness, stability, and transparency in addition to promoting start-ups, especially of young people in rural areas, while paying attention to developing local businesses and attracting more foreign investments.
With a strategic geographical location, Phu Yen has a road system that is part of the national North-South route as well as railway, aviation, and sea routes. It also boasts diverse natural resources to develop the sea-based economy, tourism, hi-tech agriculture, mining, and renewable energy.
From 2011 to 2017, the province attracted 284 investment projects, including 19 FDI projects, with a total registered capital of over US$4.74 billion and VND28.67 trillion (US$1.26 billion).